New Universe Environmental Group (HKSE:00436) Total Assets : HK$1,301.4 Mil (As of Dec. 2023)

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What is New Universe Environmental Group Total Assets?

New Universe Environmental Group's Total Assets for the quarter that ended in Dec. 2023 was HK$1,301.4 Mil.

During the past 12 months, New Universe Environmental Group's average Total Assets Growth Rate was -10.30% per year. During the past 3 years, the average Total Assets Growth Rate was -9.20% per year. During the past 5 years, the average Total Assets Growth Rate was -2.70% per year. During the past 10 years, the average Total Assets Growth Rate was 6.30% per year.

During the past 13 years, New Universe Environmental Group's highest 3-Year average Total Assets Growth Rate was 60.40%. The lowest was -18.30%. And the median was 6.95%.

Total Assets is connected with ROA %. New Universe Environmental Group's annualized ROA % for the quarter that ended in Dec. 2023 was 0.01%. Total Assets is also linked to Revenue through Asset Turnover. New Universe Environmental Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.15.

New Universe Environmental Group Total Assets Historical Data

The historical data trend for New Universe Environmental Group's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New Universe Environmental Group Total Assets Chart

New Universe Environmental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,618.57

1,745.60

1,784.01

1,514.05

1,301.42

New Universe Environmental Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															1,784.01	1,679.45	1,514.05	1,397.95	1,301.42

New Universe Environmental Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

New Universe Environmental Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1013.359	+	288.065
	=	1,301.4

New Universe Environmental Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1013.359	+	288.065
	=	1,301.4

New Universe Environmental Group (HKSE:00436) Total Assets Explanation

Total Assets is connected with ROA %.

New Universe Environmental Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.094	/	( (1397.945	+	1301.424)	/ 2 )
	=	0.094	/	1349.6845
	=	0.01 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

New Universe Environmental Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	204.431	/	( (1397.945	+	1301.424)	/ 2 )
=	204.431	/	1349.6845
=	0.15

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

New Universe Environmental Group Total Assets Related Terms

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New Universe Environmental Group (HKSE:00436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » New Universe Environmental Group Ltd (HKSE:00436) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Wang Hoi Road, Rooms 2110-2112, Telford House, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.nuigl.com

New Universe Environmental Group Ltd is engaged in providing hazardous waste treatment services. It operates in four segments: Provision of industrial and medical waste treatment and disposal services; provision of environmental plating sewage treatment services and provision of related facilities and utilities in an eco-plating specialized zone (including industrial sewage treatment services, providing related utilities and management services, and providing factory facilities); provision of environmental equipment construction and installation services, investments in plastic materials dyeing operations. It mainly functions in China and earns the majority of its revenue from the Environmental waste treatment services segment.

Executives

New Universe Enterprises Limited	2201 Interest of corporation controlled by you
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner

New Universe Environmental Group (HKSE:00436) Headlines

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